The FIRE Fund
The FIRE Fund is designed to generate passive income flow and capital gains earlier than the 401k distribution age and in the near term act as a backup supplement to sporadic freelance income if needed, and in the longer term to eventually exceed my living expenses.
The FIRE fund includes assets located in my taxable account, so it will be accessible by me without penalty before standard retirement age. Qualified dividends are taxed at a favorable 15% rate, which is a cost of doing business for having passive income now and tapping your retirement funds early.
FIRE Fund inception date: 10/16
Turbo Boost Fund
The Turbo Boost Fund includes all assets within tax deferred accounts, which I can access at age 59 1/2, providing a needed turbo boost to my finances at that time in life.
I am building it using a mix of growth (capital appreciation) and dividend equities. I’ve turned on dividend investment, to simplify matters and take advantage of dollar cost averaging.
Turbo Boost Fund inception date: 12/14
As with everything on this site, information is provided ‘as is’ and solely for informational and entertainment purposes, not for trading purposes or advice. I am not a licensed investment advisor or investment professional. In fact, I think I nearly flunked out of finance class. So please don’t listen to what some random dude on the Internet like myself says about this stuff. Anyway, I make no representations as to accuracy, completeness, recentness, profit-making potential, or validity of any information on anything even the letters in this word and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. Please do not rely on this data for tax purposes. Unless your investments are FDIC insured, they may decline in value. Please consult with an investment professional before investing any of your money.